Stock Market Update
11-Jun-26 14:00 ET
Gold Slips as Hot Inflation Data Lifts Yields; Easing Iran Tensions Dampens Safe-Haven Demand
Dow +752.29
at 50671.07,
Nasdaq +396.66
at 25587.15,
S&P +86.09
at 7353.08
[BRIEFING.COM] The tech-heavy Nasdaq Composite (+1.58%) is in first place, up about 397 points, after President Trump posted on his social media platform that he'd canceled planned strikes on Iran for this evening. Investors saw this and responded with the traditional Wall Street reaction to reduced geopolitical risk: buy everything and ask questions later.
Gold futures settled $19.30 lower (-0.5%) at $4,114/oz, as stronger-than-expected U.S. inflation data boosted Treasury yields and reinforced expectations that the Federal Reserve could keep interest rates higher for longer.
Meanwhile, the U.S. Dollar Index is down about -0.1% to $99.91.
